As of Thursday close, Intuit Inc.’s (NASDAQ:INTU) stock was down -$19.22, moving down -3.67 percent to $504.37. The average number of shares traded per day over the past five days has been 1,406,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$43.23 fall in that time frame. In the last twenty days, the average volume was 1,455,790, while in the previous 50 days, it was 1,404,482.
Since last month, INTU stock rose 3.38%. Shares of the company fell to $485.96 on 08/22/23, the lowest level in the past month. A 52-week high of $558.64 was reached on 09/08/23 after having rallying from a 52-week low of $352.63. Since the beginning of this year, INTU’s stock price has risen by 29.58% or $115.15, and marked a new high 26 times. However, the stock has declined by -9.71% since its 52-week high.
INTU stock investors should be aware that Intuit Inc. (INTU) stock had its last reported insider trading activity 11 days ago on Sep 11. Tessel Marianna, the EVP, SBSEG of the company, disposed of 8,702 shares for $552.63 on Sep 11. It resulted in a $4,808,986 divestment by the insider. Aujla Sandeep sold 1,167 shares at an average price of $546.42 on Sep 06. The insider now owns 405 shares following the transaction. On Sep 06, SVP, Chief Accounting Officer Hotz Lauren D sold 550 shares at $549.42 apiece. The transaction was valued at $302,181.
Valuation Metrics
Right now, Intuit Inc. (INTU) has a P/E ratio of about 59.86. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 10.01, the price-to-book (PB) ratio of 8.21, and the price-to-cash flow ratio of 30.06 may also be considered.
The latest dividend of $0.90 per share was paid out, which is 15.38% more than last year’s $0.78.
Financial Health
In the three months ended July 30, Intuit Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.35, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 78.10% percent. In the year ended July 30, operating margins totaled 21.90%. Based on annual data, INTU earned $11.22 billion in gross profit and brought in $14.37 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.80%. Return on equity (ROE) for the past 12 months was 14.30%.
In Intuit Inc.’s quarter-end financial report for July 30, it reported total debt of $6.12 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. INTU’s revenue rose 10.99% to $6.02 billion during the quarter, while net income inched up to $2.71 billion. While analysts expected Intuit Inc. to report $1.43 quarterly earnings, the actual figure was $1.65 per share, beating the consensus estimate by 15.40%. During the quarter, the company generated $212.0 million in EBITDA. The liabilities of Intuit Inc. were 10.51 billion at the end of its most recent quarter ended July 30, and its total debt was $6.69 billion. The value of shareholders’ equity is $280.26 million.
Technical Picture
This quick technical analysis looks at Intuit Inc.’s (INTU) price momentum. With a historical volatility rate of 21.92%, the RSI 9-day stood at 24.91% on 21 September.
With respect to its five-day moving average, the current Intuit Inc. price is down by -7.89% percent or -$43.23. At present, INTU shares trade +0.70% above its 20-day simple moving average and +13.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.77% above its SMA50 and +23.64% above its SMA200.
Stochastic coefficient K was 3.92% and Stochastic coefficient D was 19.19%, while ATR was 10.53. Given the Stochastic reading of 1.83% for the 14-day period, the RSI (14) reading has been calculated as 36.43%. As of today, the MACD Oscillator reading stands at -15.96, while the 14-day reading stands at -21.69.
Analyst Ratings
Exane BNP Paribas upgraded its rating on Intuit Inc. (NASDAQ: INTU) to a Neutral in a note to investors on July 19, 2023. The analysts firm previously had an Underperform rating on the stock.Intuit Inc. (INTU) has been rated Overweight by analysts. According to 0 brokerage firms, INTU is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Intuit Inc. stock as buy, with 20 recommending it as overweight.
With a median target price of $567.50, the current consensus forecast for the stock is $410.00 – $642.00. Based on these forecasts, analysts predict Intuit Inc. (INTU) will achieve an average price target of $559.63.
